Far East Holding Group Co., Ltd. Listed among the “2016 Top 100 China Machinery Industry Companies”

    Recently, the information conference of “Top 100 China Machinery Industry Companies” and the “Top 30 China Automobile Industry Companies” was held in Tianjin. Wang Ruixiang, President of the China Machinery Industry Federation  (hereinafter referred to as “CMIF”), Chen Bin，Executive Vice-President of CMIF, Wu Shaoming, Vice-President and General Secretary of China Association of Automobile Manufactures (hereinafter referred to as “CAAM”), Gao Huiqing, Director of Strategic Planning Research Office, Development Research Department, China State Information Center, Shan Zefeng, Deputy District Head of the Binhai New District, Xu Jian, General Manager of the China National Machinery Industry Corporation, Xie Guang, an employee of China Chang’an Automobile Co., Ltd., and some other people attended the activity. Far East Holding Group Co., Ltd. (hereinafter referred to as “Far East Holding Group”) was awarded one of the “2016 Top 100 China Machinery Industry Companies”. Tang Suhua, an investor, Assistant to Marketing Director of Far East Smarter Energy Co., Ltd. (hereinafter referred to as "Smarter Energy", stork code: 600869) and Marketing Director of Far East Cable, on behalf of Far East Holding Group, accepted the award.

Certificate of award

    It was reported that CMIF and CAAM jointly issued the list of “Top 100 China Machinery Industry Companies” and “Top 30 China Automobile Industry Companies”. Far East Holding Group ranked thirteenth. Statistics showed that top 100 companies of China’s machinery industry and top 30 companies of China’s automobile industry received a total revenue of RMB 6.46 trillion in 2016. Seen from the status of the list which has been released for 13 years, the gross revenue of companies shortlisted achieved a new high record and the overall development enjoyed sound momentum in 2016.

    President of CMIF Wang Ruixiang pointed that the structural contradictions long accumulated in machinery industry haven’t been fundamentally changed. The weakness of independent innovation capability, low quality, lack of brand and other development bottlenecks haven’t been effectively alleviated. The new development pattern and mode are far from mature, the base to maintain a smooth and healthy growth is not solid, and industry updating, conversion of the old and new power, and achievement from large to strong remain a arduous task.

    As for the data analysis released by the industry in 2016, the performance of top 100 and top 30 companies of machinery and automobile industries demonstrated some new changes and features: maintaining a sound development momentum, a more striking leading role and faster steps to be better and stronger. On the whole, in recent years, the listed companies of top 100 and top 30 in machinery and automobile industries remained a good development momentum and a relatively strong competitiveness, being the hard core to support our machinery industry’s transformation and upgrading, furthermore, to become better and stronger.

Scene of Tang Suhua(sixth from the right), on Behalf of the Far East Holding Group, receives the award.

    Executive Vice-President of CMIF Chen Bin officially announced the list of Top 100 China Machinery Industry Companies" and "Top 30 China Automobile Industry Companies" in 2016.

    Challenged by overall severe environment and obviously dropped demand, Far East will stick to the “owner + investment” development model, respond to market changes actively and maintain a sound development momentum and strong competitiveness so as to achieve the smooth and healthy growth. Meanwhile, Far East Holding Group will raise the level in business management, talent nurturing and enterprise culture to constantly promote the core competency of the enterprise. Closely uniting around the CPC Central Committee with General Secretary Xi as the core and taking the “Made in China 2025” and “the Thirteenth Five-Year Plan” as the action agenda, Far East Holding Group will strengthen confidence, activate spirit, stand on the firm ground, make progresses with keen determination and make new contribution to the Dream of Strong Nation.